Americans can't get enough of Europe
Online searches by Americans for flights to Europe trips are surging despite soaring air fares and a worsening economic outlook
The travel boom is promising record profit margins at some U.S. carriers, which are ramping up transatlantic capacity to cash in on Americans' thirst for travel to Europe. It also explains why U.S. carriers remain upbeat about travel spending in spite of rising interest rates, high inflation, mounting job losses and a global banking crisis.
Key takeaways
- Hopper's March data shows 37% of searches from U.S.-based customers for international travel this spring are for flights to Europe, a 9% increase from the same period in 2019;
- Kayak searches for travel to Europe this summer are up 77% from last year;
- Travelers are being emboldened by a strong U.S. dollar and more flexible work arrangements.
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